EU says China, U.S. also have economic work to do

Sat, 05/26/2012 - 07:30 EDT - Yahoo!

The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ...

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BRUSSELS (Reuters) - The United States and Japan must tackle their tax issues and China must relax restrictions on the yuan, as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 leading economies. In a letter addressed to all 27 European Union nations, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy said Europe was doing it all it could. ...

BRUSSELS (Reuters) - The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 economies. In a letter addressed to all 27 European Union nations, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy said Europe was doing all it could. ...

BRUSSELS (Reuters) - The United States and Japan must tackle their tax issues and China must relax restrictions on the yuan, as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 leading economies.

The United States and Japan must tackle their tax issues and China must relax restrictions on the yuan, as they share responsibility with Europe for restoring global economic health, EU leaders said ahead ...

BRUSSELS (Reuters) - The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 economies.

For the better part of 2013, China’s economy has been doing something it hasn’t done for years: cooling off. The country’s 7.5 percent year-over-year GDP increase in the second quarter still puts that of the world’s other major economies to shame but it’s also a far cry from the 14 percent rate of 2007. China’s breakneck expansion and corresponding appetite for raw materials has been a major boon to commodity-producing countries over the past decade, while its shipments overseas of everything from clothing to electronics have made it the world’s largest exporter.

To wrap up her visit to Japan, Secretary Pritzker joined
U.S. Ambassador to Japan Caroline Kennedy and other female business leaders for
a meeting over tea, to discuss government policies and best practices to
overcome barriers to women’s full economic empowerment.
Since assuming office in December 2012, Prime Minister Abe
has embraced "Womenomics," the understanding that the advancement of
women in a nation's society directly and positively impacts its economic growth
rate, as fundamental to boosting the country’s economic potential.
According to some market analysts, Japan could expand its workforce by $8
million and increase its gross domestic product as much as 14 percent by
raising women’s employment level to the same level as men. Despite these
promising projections, Japan was ranked 105th out of 136 nations in
the 2013 Global Gender Gap Report which was issued by the World Economic Forum
and measures economic, political, education and health differences between men
and women. The United States ranked 23rd.
With this in mind, the governments of the United States and
Japan share a common goal of increasing women’s economic participation and
contributions.
During the meeting, Secretary Pritzker expressed that she is
encouraged by Prime Minister Abe’s current efforts to revitalize the Japanese
economy. The Japanese government is working to set the standard by recruiting
more women in government, increasing the availability of daycare and
afterschool care, and encouraging the private sector to promote more women.
Secretary Pritzker also shared what she has learned
from American senior executives and from her own experiences as a business
leader for 27 years.
Women control two out of every three dollars spent in the
world today, and Secretary Pritzker strongly believes that inclusiveness is a
smart business strategy to achieve a competitive advantage, and that change
must start at the top.

The leaders of the G-7 countries — Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States — released a scathing statement Sunday night condemning Russia's "clear violation of the sovereignty of Ukraine." The joint statement also said that the leaders have agreed to suspend participation in the G-8 summit scheduled in June in Sochi, Russia.

TOKYO — The United States and Japan on Sunday offered new talks with North Korea to resolve the increasingly dangerous standoff over its nuclear and missile programs, but said the reclusive communist government first must lower tensions and honor previous agreements.